GXD Labs, a digital asset investment and advisory firm, has announced a $500 million settlement with EquitiesFirst regarding claims from loans to the bankrupt Celsius Network. This settlement resolves adversarial litigation and arbitration proceedings initiated in September 2023. GXD Labs, through its Blockchain Asset Recovery Investment Consortium (BRIC), was appointed as the asset recovery and litigation manager in the Celsius bankruptcy case.
GXD Labs and EquitiesFirst Settle Celsius Claims for $500 Million
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